Q-FREE – TAG ORDER IN CHILE – 26 MNOK

Q-Free has received a 26 MNOK tag order from Costanera Norte, one out of four concessionaires in Santiago, Chile. The order will be delivered in the period from November 2016 to January 2018.

Q-Free has delivered tags to all the urban concessionaries of Santiago since the implementation of the first MLFF system, with more than 1.6 million tags delivered during the last 10 years.

- With this contract, Q-Free will cover the majority of the annual tag demand in Chile and we are very pleased to increase our market share. The contract win also demonstrates our competitiveness in DSRC tags, states President & CEO, Håkon Volldal.

For further information, please contact:

President & CEO, Håkon Volldal: +47 977 19 973

CFO, Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 470 employees, offices in 20 countries, and presence on all continents. Headquartered in Trondheim, Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.